Share of Associate Company's profit / (loss) , , ,950 43,832

Transcription

1 Summarised Income Statement Nine Months Nine Months Change Quarter ended Quarter ended Nine Months Nine Months Change Quarter ended Quarter ended (%) (%) Income Interest Income 130, ,170 (21) 29,304 53, , ,281 (21) 21,318 53,392 Dividend Income 138,515 10,073 1, , ,939 8,619 (19) (11,249) 267 Fee income (100) ,171 77, ,028 40,090 Equity / Unit Trust Income 101,935 4,914 1,974 70,379 17, ,696 9,025 1,448 76,816 19,403 Operating Income 370, , ,557 70, , , , ,152 Staff Cost (3,435) (3,211) - (63,986) (28,756) 123 (11,439) (10,329) Administration & establishment expenses (7,996) (10,955) (27) (1,495) (3,444) (95,930) (25,423) 277 (59,682) (12,185) Depreciation (14) (14) - (19,528) (4,482) 336 (7,009) (1,630) Operating Costs (11,445) (10,955) 4 (4,720) (3,444) (179,444) (58,661) 206 (78,130) (24,144) Operating profit 359, , ,837 67, , , ,783 89,008 Share of Associate 's profit / (loss) , , ,950 43,832 Profit Before tax 359, , ,837 67, , , , ,840 Income Tax Expense (33,301) (42,984) (23) (6,916) (13,951) (175,403) (157,219) 12 (43,167) (52,882) Profit After Tax 325, , ,921 53, , , ,566 79,958 Minority Interests (16,183) (15,424) 5 (5,028) (7,785) - Profit Attributable to Share Holders 325, , ,921 53, , , ,537 72,173 - Earnings Per Share (Rs.)

2 Summarised Balance Sheet As at 30 September Sep Dec-11 Change 30-Sep Dec-11 Change Audited % Audited % ASSETS Non-Current assets Property, Plant and Equipment ,629 10, Investment in Associate 1,047, , ,700,948 1,410, Investment in Subsidiaries 606,490 23,870 2, Intangible asset ,121 43, Long Term Investments 382, ,126 (46) 382, ,126 (46) 2,036,687 1,478, ,172,824 2,177,662 (0) Current Assets Receivables 171, ,914 (6) 724, , Investments in Quoted Shares 103, ,274 (66) 103, ,274 (66) Investments in Tbill / Tbond / Repo - 544,436 (100) 10, ,436 (98) Other Investments 2,466,176 2,029, ,984,865 2,162, Cash & Bank Balances 36,059 15, ,785 17, ,776,901 3,079,866 (10) 3,919,793 3,298, Total Assets 4,813,588 4,557, ,092,617 5,476, EQUITY AND LIABILITIES Equity attributable to equity holders of the parent Stated Capital (43,855,007 Shares) 1,328,880 1,328,880-1,328,880 1,328,880 - Reserves 289, , , ,203 - Accumulated Profits 3,187,284 2,916, ,970,566 3,672, ,805,889 4,534, ,603,649 5,305,341 6 Minority Interests , , Total Equity 4,805,889 4,534, ,730,887 5,421,296 6 Non - current liabilities Employee Benefit Liabilities ,955 3, Current Liabilities Other payables 655 1,232 (47) 221,091 23, Income Tax Payable 6,916 21,896 (68) 87,250 28, Dividends Payable Bank overdraft , Total Current Liabilities 7,699 23,256 (67) 345,775 51, Total Equity & Liabilities 4,813,588 4,557, ,092,617 5,476, Certification: I hereby certify that the above Financial Statements are in compliance with the requirements of section 150(b) of the Companies Act No. 7 of Sgd Dhanan Senathirajah Vice President - Finance and Planning National Development Bank PLC - - (0.44) - Sgd Sgd V. Kulathilaka A.Rajakarier Director Director 09 November 2012

3 Statement of Changes in Equity Stated General Retained Minority Interests Total Capital Reserve Profit Balance as at 1 January ,328, ,725 2,897,142-4,515,747 Net profit for the period , ,520 Dividends paid - - (179,806) - (179,806) Balance as at 30 September ,328, ,725 2,842,856-4,461,461 Balance as at 1 January ,328, ,725 2,916,134-4,534,739 Net profit for the period , ,968 Dividends - paid - - (54,819) - (54,819) Balance as at 30 September ,328, ,725 3,187,283-4,805,889 Stated General Retained Minority Interests Total Capital Reserve Profit Balance as at 1 January ,328, ,203 3,481,541 94,994 5,209,618 Net profit for the period ,581 15, ,005 Dividends paid - - (179,806) (4,900) (184,706) Balance as at 30 September ,328, ,203 3,511, ,518 5,249,917 Balance as at 1 January ,328, ,203 3,672, ,955 5,421,296 Net profit for the period ,127 16, ,310 Dividends - paid (54,819) (4,900) (59,719) Balance as at 30 September ,328, ,203 3,970, ,238 5,730,887-3-

4 Cash Flow Statement 30-Sep Sep Sep Sep-11 Cash Flows From/(Used in) Operating Activities Interest Received 146,007 82, ,761 87,337 Fee Income & other income , ,818 Other Operating Cash Payments (12,023) (26,440) (172,072) (80,055) Income Tax Paid (48,281) (43,371) (58,805) (65,743) Dividends received 138,519 10, ,154 11,804 Net Cash From Operating Activities 224,222 22, ,846 63,161 Cash Flows from/ (Used in) Investing Activities Long Term Investments (889,290) - (763,315) - Short Term Investments & other receivables 740, , , ,772 Expenditure on Property, plant & equipment (282) - (27,568) (2,329) Net Cash Flows (Used in) Investing Activities (149,198) 162,874 (227,068) 130,443 Cash Flows from /(Used in) Financing Activities Dividends Paid (54,819) (179,806) (63,204) (188,191) Net Cash Flows Used in Financing Activities (54,819) (179,806) (63,204) (188,191) Net (Decrease) / Increase in Cash & Cash Equivalents 20,205 5,857 42,574 5,413 Cash & Cash Equivalents at the beginning of the Period 15,854 12,487 16,905 13,704 Cash & Cash Equivalents at the end of the Period 36,059 18,344 59,479 19,117 Break up of Cash & Cash Equivalents Cash in hand Bank Balances 36,059 18,344 96,770 19,102 Bank overdraft - - (37,306) - Cash & Cash Equivalents 36,059 18,344 59,479 19,

5 Segmental Information - Wealth Investments Management Insurance Investment Banking Stock Brokering Total Total Rs.'000 Rs.'000 Rs.'000 Rs.'000 Rs.'000 Rs.'000 Rs.'000 Rs.'000 Rs.'000 Rs.'000 Rs.'000 Rs.'000 Income 238, , ,057 87, ,659-42, , ,804 (a) Segment Results Profit from Operating Activities 225, ,889 42,359 39, ,971 - (648) - 336, ,143 Share of Associate's Profit/(Loss) before taxation , , , ,081 Profit before Income Tax 225, ,889 42,359 39, , ,081 68,971 - (648) - 544, ,224 Income Tax Expense (33,301) (42,984) (9,332) (7,776) (118,909) (106,459) (13,686) - (175) - (175,403) (157,219) Net Profit / (Loss) 192, ,905 33,027 31,478 89,498 69,622 55,285 - (823) - 369, ,005 (b) Segment Assets Segment Assets 4,857,846 5,085, , , , ,836-6,092,617 5,027,952 (c) Segment Liabilities Segment Liabilities 7,699 27,455 31,238 27, , , ,730 63,452-5-

6 Notes to the Financial Statements 1 The figures are provisional and unaudited. 2. The accounting policies and methods of computation are consistent with those followed during the previous financial year. These Financial Statements are presented in accordance with SLAS 35 - Interim Financial Reporting. 3. Comparative figures have been re-stated wherever necessary to confirm to the current year's presentation. 4. Investments in quoted shares are accounted for on a marked to market basis. 5. The Board of Directors of the, approved a business plan to position the as a diversified financial services conglomerate with ultimate exposure to investment banking (both regionally and in Sri Lanka), stock broking, wealth management, private equity investments and insurance sectors. Accordingly, in March 2012, CDIC acquired full ownership of NDBIB and 5% holding in AVIVA NDB Insurance PLC which was directly held by the NDB Bank, which will compliment its existing investments in AVIVA NDB Insurance PLC and NDB AVIVA Wealth Management Ltd.Further in April 2012, the shares of the NDB Bank's fully owned subsidiary NDB Stock Brokers (Private) Limited was also transferred to CDIC in line with this business plan. Following this strategic restructuring of the group s corporate equity holdings,cdic was relaunched under a new corporate identity named NDB Capital Holdings PLC 6. On 27 September 2012, the entered into a Share Sale and Purchase Agreement with American International Assuarance Limited (AIA) of Hong Kong to divest the 41.56% shareholding in AVIVA NDB Holdings and 5% of AVIVA NDB Insurance PLC. The sale of these shares are subject to and conditional upon the sale by Aviva Asia Holdings of its shareholding in Aviva NDB Holdings to AIA. 7. Based on the preliminary impact on work completed by the on LKAS 32 and 39, there have been no significant impact that require disclosure. 8. There have been no events subsequent to the end of the reporting period that require adjustment to or disclosure. 9. There are no contingent liabilities or contingent assets which require disclosure in these interim Financial Statements Ratios - Earnings per share (Rs.) - Annualised Net asset value per share (Rs.) Return on Equity (%) - Annualised Ratios - Earnings per share (Rs.) - Annualised Net asset value per share (Rs.) Return on Equity (%) - Annualised SHARE PRICE MOVEMENTS DURING THE PERIOD (Rs.) High Low Close Aviva NDB Insurance PLC High Low Close

7 TOP 20 SHAREHOLDERS OF NDB CAPITAL HOLDINGS PLC (NDBCH) AS AT Name No. of Shares % 1. NATIONAL DEVELOPMENT BANK PLC 43,704, MR. M. SOMASEKARAN 10, MR. H.W.M. WOODWARD 8, EST OF LATE R. SENATHIRAJAH (DECEASED) 7, MR. G.C. GOONETILLEKE 7, MR. M.T.C. PERERA 6, MRS. F.A.A. MACK 5, MR. Y.K.B. DISSANAYAKE 4, MR. O.D. LIYANAGE 4, MR. R.F.T. PERERA 3, DFCC VARDHANA BANK LTD/ MR. R.F.T. PERERA 3, WALDOCK MACKENZIE LIMITED/MR.L.P. HAPANGAMA 3, T R L HOLDINGS (PVT) LIMITED 2, MISS. F.B. GHOUSE 2, MR. A. KULENTHIRAN 2, MR. U.R.D.A. PERERA 2, MR. H.J. DE SILVA 2, MR. U.A. ILLEPERUMACHCHCI 2, MR. U.A. RANATHUNGA 2, MR. U.N. SUMANADEERA 2, Public holding as at % DIRECTORS SHAREHOLDING IN NDBCH AS AT NAME A K PATHIRAGE - D S P WIKRAMANAYAKE - N I R DE MEL - I WICKRAMASINGHE - A RAJAKARIER - C V KULATILAKA -